Turnaround in motion; access to liabilities a key monitorable

Company
02 May 2024
5 Min read 
  • Indostar Capital Finance reported improvement in business momentum during the quarter.
  •  Disbursements rose ~31% QoQ to ~INR17.7b; CV segment contributed ~83% to the retail disbursement mix.
  •  4QFY24 PAT of INR353m, NII grew ~11% YoY to INR1.2b, PPOP grew ~97% YoY to INR1.4b.
  •  Total AUM stood at ~INR87.6b and grew ~9% QoQ, retail AUM grew 9% QoQ/27% YoY to INR83.7b.
  •  Asset quality improved significantly with GNPA/NNPA declining 120bp/60bp QoQ to 4.1%/1.8%.
  •  Indostar has announced a preferential equity raise of ~INR4.6b through the allotment of warrants to its promoter Brookfield and another investor Florintree.
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